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Police fires teargas to disperse traders

Soroti, Uganda | THE INDEPENDENT | Police has fired teargas to disperse hundreds of traders at Otuboi market.  By 7 am Saturday, traders had convened at the market that operates every Saturday. This was after the Kaberamiado RDC, George Edward Onyakunapesa, told the traders that they are free to go …

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Gov’t asked to suspend OTT

Kampala, Uganda |  THE INDEPENDENT |  Government has been asked to waive off the “over-the-top” (OTT) tax, commonly known as the social media tax to ease communication and access to information during the Corona Virus (COVID-19) outbreak. On Wednesday, March 18, 2020, President Yoweri Museveni ordered for the closure of universities, …

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ICEA Uganda marks 20 years

Kampala, Uganda | THE INDEPENDENT | The Insurance Regulatory Authority CEO Ibrahim Lubega Kaddunabbi has said the industry is ripe for disruption as advances are made in the digital space especially in the insur-techs. He warned that insurance players should therefore ensure that there are constantly evolving their methods to …

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URBRA’s new plan for retirees

The regulator wants members to keep their money longer with pension schemes or get paid in installments Kampala, Uganda | JULIUS BUSINGE | The Uganda Retirements Benefits Regulatory Authority (URBRA) is in advanced stages of preparing a policy proposal for the ministry of finance to consider and convince retirees to …

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CNOOC’s Kingfisher project approved

NEMA’s approval paves way for construction of oil field facilities Kampala, Uganda | RONALD MUSOKE | Uganda’s environmental agency, NEMA, has approved CNOOC’s environmental and social impact assessment report for the Kingfisher project following ten months of scrutiny and evaluation. Dr. Tom Okurut, NEMA’s executive director issued the certificate of …

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UNOC starts trading in petroleum products

Kampala, Uganda | THE INDEPENDENT | The Uganda National Oil Company Limited (UNOC) has today launched its petroleum products business. UNOC will import and sell petroleum products in bulk to registered local oil marketing companies, a move that will position UNOC, with Government support, within the petroleum products supply chain. According …

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Bank of Japan unveils emergency measures over virus

Tokyo, Japan | AFP | The Bank of Japan on Monday unveiled a series of emergency monetary policy measures to shore up the world’s third-largest economy, as the coronavirus pandemic threatens a global recession. In a meeting brought forward by two days, the BoJ said it would double its annual …

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COVID-19: Wash hands after counting money

Kampala, Uganda | THE INDEPENDENT | There is need to exercise high levels of hygiene especially when dealing with currencies, Dr. Yonas Tegegn Woldemariam, the WHO country director has advised. He explains that touching money is one of the fastest ways through, which the Corona virus can be spread since …

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